First Trust Advisors LP boosted its stake in Voya Financial Inc. (NYSE:VOYA) by 67.2% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 497,250 shares of the company’s stock after buying an additional 199,847 shares during the period. First Trust Advisors LP’s holdings in Voya Financial were worth $14,331,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its stake in Voya Financial by 5.2% in the first quarter. Envestnet Asset Management Inc. now owns 37,666 shares of the company’s stock valued at $1,121,000 after buying an additional 1,847 shares in the last quarter. A.R.T. Advisors LLC boosted its stake in Voya Financial by 99.9% in the first quarter. A.R.T. Advisors LLC now owns 35,020 shares of the company’s stock valued at $1,042,000 after buying an additional 17,500 shares in the last quarter. Royal Bank of Canada boosted its stake in Voya Financial by 47.0% in the first quarter. Royal Bank of Canada now owns 536,862 shares of the company’s stock valued at $15,983,000 after buying an additional 171,706 shares in the last quarter. BlueMountain Capital Management LLC boosted its stake in Voya Financial by 712.5% in the first quarter. BlueMountain Capital Management LLC now owns 17,444 shares of the company’s stock valued at $519,000 after buying an additional 15,297 shares in the last quarter. Finally, River & Mercantile Asset Management LLP boosted its stake in Voya Financial by 54.8% in the second quarter. River & Mercantile Asset Management LLP now owns 101,665 shares of the company’s stock valued at $2,515,000 after buying an additional 36,000 shares in the last quarter. Institutional investors and hedge funds own 97.56% of the company’s stock.

Shares of Voya Financial Inc. (NYSE:VOYA) traded up 0.75% during midday trading on Tuesday, reaching $37.79. 552,181 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $32.99 and its 200-day moving average is $29.52. The stock’s market cap is $7.35 billion. Voya Financial Inc. has a 12-month low of $22.75 and a 12-month high of $41.12.

Voya Financial (NYSE:VOYA) last announced its earnings results on Wednesday, November 2nd. The company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.29. Voya Financial had a negative net margin of 0.02% and a positive return on equity of 3.37%. The business had revenue of $160.40 million for the quarter, compared to the consensus estimate of $306.80 million. During the same quarter in the prior year, the firm posted $0.18 earnings per share. On average, equities analysts expect that Voya Financial Inc. will post $2.54 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 29th. Investors of record on Wednesday, November 30th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.11%. The ex-dividend date of this dividend is Monday, November 28th. Voya Financial’s dividend payout ratio is presently -400.00%.

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VOYA has been the topic of several research reports. Credit Suisse Group AG initiated coverage on shares of Voya Financial in a research report on Friday, October 7th. They set an “outperform” rating and a $39.00 price objective on the stock. Royal Bank Of Canada cut shares of Voya Financial from a “top pick” rating to an “outperform” rating and set a $37.00 price objective on the stock. in a research report on Wednesday, November 9th. RBC Capital Markets cut shares of Voya Financial from a “top pick” rating to an “outperform” rating and set a $37.00 price objective on the stock. in a research report on Wednesday, November 9th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Voya Financial from a “sell” rating to a “hold” rating in a research report on Saturday, August 6th. Finally, TheStreet cut shares of Voya Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, November 2nd. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $36.45.

In related news, insider Nancy Ferrara sold 1,395 shares of the firm’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $35.67, for a total value of $49,759.65. Following the transaction, the insider now owns 17,915 shares of the company’s stock, valued at approximately $639,028.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.17% of the stock is currently owned by corporate insiders.

Voya Financial Company Profile

Voya Financial, Inc is a holding company. The Company is a retirement, investment and insurance company, which provides retirement services, annuities, investment management services, mutual funds, life insurance, group insurance and supplemental health products. It provides its principal products and services in two ongoing businesses: Retirement and Investment Solutions, and Insurance Solutions.

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